Price action Entry Setups Intraday – Index Plan Update

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SPI200 HANG SENG N225 and DOW Index CFDs

Time Frame : 5/30 Min Charts

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Watch Here for further Updates as the action plays out – Refresh Page during the day.

Update 11:03am – The Hang Seng is holding nicely below resistance at 24532 and setting for a spike higher on the open. If price can hold above the 24475 area..ie a higher low…expect to see bulls come out for a rally as other markets are strong. Watching for a spike through and then a pullback to hold on the 5min chart for a buy entry setup.

Pre-Market Plan

The SPI200 is looking heavy around 6070 after yesterday strong rally so we may see a squeeze lower on the open. From there, watching for a higher low to hold for a move to test highs around 6084. The DOW continues the grind up but is extended after last nights rally. We may see some pullback action to weigh on Indexes today. The Hang Seng is at at key level around 24532 so we are happy to wait and see the open for direction. Price may put the squeeze on longs so watch for a lower high. If not, a pullback may lead to a rally up through 24532. The N225 is up at key resistance around 22535 so expect to see a spike and washout of this level before a direction becomes clearer.

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